Martin County Arts Council Inc (EIN 561292756) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

Cathy Critcher

Phone

2527898470

Tax Period

2023-07-01 to 2024-06-30

Martin County Arts Council Inc, founded in 1975, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $97K in total revenue in fiscal year 2023. Expenses of $112K exceeded revenue, resulting in a 16% operating deficit.

Mission

To provide schools and community with exposure to the arts in all forms.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $84,362

Program Service Revenue $1,074

Investment Income $450

Other Revenue $10,916

TOTAL REVENUE $96,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,266

Fundraising Expenses $11,575

Program Expenses $21,542

Other Expenses $87,899

TOTAL EXPENSES $112,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,802	$96,622	+0.0%
Expenses	$112,165	$143,359	-0.2%
Net Income	$-15,363	$-46,737	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Ayers	Chair	24.00	Officer	$0	$0	$0
Leslie Johnson	Secretary	1.00	Officer	$0	$0	$0
Cathy Critcher	Treasurer	5.00	Officer	$0	$0	$0
Cynthia Pointe	Vice-Chair	24.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$96,802	$112,165	$246,660	$-15,363
2023	$96,622	$143,359	$262,023	$-46,737
2022	$71,199	$103,110	$308,758	$-31,911
2021	$86,647	$109,624	$344,004	$-22,977
2020	$66,826	$96,297	$366,981	$-29,471
2019	$48,888	$90,022	$393,117	$-41,134

Martin County Arts Council Inc